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If you have whole life insurance, there is probably a cash value if you have been paying for it for some years. Term insurance may be the ticket for you: cash out the whole life and pay for term. Go with a independent insurance agent and watch out for the fees.

If you can prove a terminal illness, insurance may begin paying out early.

Generally, if you are looking to borrow from any savings for bills, it would be better to go to a nonprofit consumer credit bureau and have an indepth look at your finances so that you can turn the situation around permanently rather than putting a bandaid on it.

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14y ago

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